Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25376. (Read 26610810 times)

(ok ok!! whatever you say Monkey, whatever you say..... I am not going to sleep)

(Monkey says he is dressed for a funeral..... mine)

i dare you to sleep

I wonder how many people are buying stuff they don't need at Newegg as another means of some kind of exit since options in this market are kind of limited.

This has been posted way too many times.

A new record!

Damnit BTC I was going to go to sleep!

THIS

http://cointelegraph.com/news/112675/here-comes-the-bribe-why-russia-and-most-governments-wont-try-to-ban-bitcoin

will turn the table and bitcoin will soon reach ATH at 2000 usd

I logged in to comment on this.

If you think about it, it makes perfect sense for a retailer to have figured this out.

1.) Offer incentives to purchase using bitcoin which brings in customers from a niche market paradigm that is untapped.  (Think about retailers who target shoppers who would prefer to "buy American".  Instead retailers would target shoppers who would prefer to "buy bitcoin".)

2.) Thanks to the ease of converting in and out of bitcoin/fiat, retailers have little to no risk for cash flow or modifying their back channels.  This allows retailers to focus on pricing (which is what retailers do best) to find profit.  Pricing based on BTC/fiat exchange rates allows the retailer to offer huge nominal discounts (pay 10% less nominal when using BTC) but actually realize gains on the exchange.  This is essentially the retailer playing the exchange rate market.  Since retailers have product that is directly exchanged for bitcoin, by offering product for nominal BTC discount, they are shorting that market.  This is perfect for the retailer in the current merchant paradigm where middle men need to sell to convert the fiat they promised to the retailer.   So retailers have a built in short cover

3.)  This also an excellent play for retailers because lowering the exchange rate gives a perception of "cheapness" to the average consumer.  The average consumer hasn't really figured out that that in terms of utility, there won't be a difference between  $100 BTC and $1000 BTC.  Both of those "coins" can do exactly the same thing.   However the perception is that a $100 BTC is "cheaper" and would encourage that consumer to "invest".   So driving down the nominal exchange rate is definitely in the best interest of a retailer looking for more consumers to fill that niche market paradigm that the savvy retailer has set up to accept and capitalize on.  

My only question is, how does this hold up when the reverse is true?  Will the retailer still be able to offer sharp nominal BTC discounts?   In fact I think it works out even better for the retailer.  In market where the exchange rate is increasing, the retailer would simply hold on to the balance of BTC as a reserve to win even stronger exchange profit later on or perhaps even offer sharper discounts in the next down swing.  

It's an extremely interesting financial concept that I will be following closely.  

More discounts when exchange rate is lower, and more reserves when exchange rate is higher.  It's almost pie in the sky stuff for retailers and consumers.  I just have to also wonder when the day traders and middlemen will catch on and try to tap that seemingly risk free profit from the retailer and perceived savings from the consumer.  What will THAT do to the ecosystem?  

Lessons learned from the BTC market as a young investor

1) Cost average sell into any bubble, and you will free up your assets and come out way ahead of everyone else on the backside of the bubble.
2) Cost average sell into any bubble, and you will free up your assets and come out way ahead of everyone else on the backside of the bubble.
3) Cost average sell into any bubble, and you will free up your assets and come out way ahead of everyone else on the backside of the bubble.
4) Cost average sell into any bubble, and you will free up your assets and come out way ahead of everyone else on the backside of the bubble.
5) Cost average sell into any bubble, and you will free up your assets and come out way ahead of everyone else on the backside of the bubble.

6) Do not call bottom and buy unless your intended position is a very short term hold.

That's about it. I happened to make most of my BTC during the alt craze after the bubble happened, so I've been cost averaging my sale down. But what a waste of time BTC has turned out to be over the past year for everyone that got in during or after the peak.

so mr nakamoto is cashing out his 1mil btc or waht the fuck is going on here?

Larger markets take longer to correct. It would make sense for it to take longer than the 2011 bear market.

2014 is the new 2011. Softer, weaker, longer!

So this is now officially the longest bear market since the beginning of Bitcoin.

($336.11)

Yikes! I didn't expect it to drop below long term support so soon!?
China is in retarded panic mode, no shit!

 

yeah , as a child teen of the 80's of course I watched the movie!

Picture= reference to the most famous line..... don't tell me you cannot smell it?  

(and I had always thought he was such a well adjusted sort of chap  )

Good news is that there is finally enough volume to get a bounce. The bad news is that it won't change a thing. Happy trading everyone!

Priceless

RIP bitcoin 2009-2014
RIP mrkavasaki 1993-2014